Can I use Binary Options Trading Strategy for Forex Trading and vice versa?

 Yes, as long as you are using the same time frame candlesticks to refer to both Binary Options or Forex chart and the trading strategy is intact. Whether you use binary options strategy on forex or vice versa, you will get the same results because price action is globally the same on a similar time frame.

Remember, the trading strategy will work in the same way it works in binary options. This might not be useful for forex, as in forex we usually keep the buy or sell lot open for a longer time than the binary options.

For example, if you have a working strategy of 1-minute candlesticks, that will work fine for both binary options or forex 1-minute candlesticks.

Related Binary Options FAQ: What is Binary Options Trading?

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Comments

  1. Lewis WhiteOctober 30, 2023 at 8:17 AM

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